April 17, 2013
Daniel L. Doctoroff: Where’s the Futures Trade Repository? | CEO of BBG
Check the story via the link, the CEO and President of Bloomberg sets out his stall to precede the court action on margin requirements for Deliverable Swap Futures.
Congress mandated that swap transactions be reported to a "Swap Data Repository" that regulators can monitor to conduct real-time market surveillance and that the public can access immediately and for free. Nothing comparable exists in the futures market. There is no "Futures Data Repository," and no real-time public reporting of futures data, which means that the public will no longer have the access to market data that it was supposed to have under Title VII.
via Daniel L. Doctoroff: Out of the Shadows and Into the Light.
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